CDG Invest acquires sole ownership of public broadcasting channel Medi1 TV

MOROCCO – Caisse de Depot et de Gestion (CDG) Invest has acquired sole ownership of public broadcasting channel Medi1 TV, for MAD105 million (US$11.9 million) buyout, reports Moroccan World News. The company plans on holding on to ownership of Medi1 TV until government entity SNRT can meet official legal regulations. At this time, CDG will transfer ownership of the channel to SNRT. The buyout is a part of a larger restructuring of the Moroccan public broadcast system. The plans were formally announced on May 25th by Minister of Culture Othmane…

Read More

CDG Invest invests US$0.34m in GOAcommerce to expand its offering

MOROCCO – CDG Invest, the investment arm of the CDG Group, has just taken a stake of MAD 3 million (US$0.34m) in the startup GOAcommerce, operating in the e-commerce delegation. This Seed financing comes within the framework of a roundtable with several investors. It will allow GOAcommerce to take a step forward by moving from the seed phase to the acceleration phase, which will allow the young startup to boost its growth in the MENA region, starting with Egypt. This phase will also help strengthen the startup’s expertise across the…

Read More